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Little Review About Roqqu

The cryptocurrency space became more popular after the covid19 pandemic in 2020 and this period gave birth to some online cryptocurrency platforms in Nigeria.

One such crypto exchange in Nigeria is the Roqqu exchange which was launched in 2019.

Roqqu was created by a Nigerian named Uchenna Nnodim and since its official launch in 2019, the exchange has gained over 200,000 active users.

According to the founder of this exchange, users will experience the fastest, smoothest and safest ways to trade over seven cryptocurrencies in Naira.

People have raised many questions about the legitimacy of this platform and this article will provide an overview of everything you need to know about Roqq. At the end of this piece, you can make sure if this is a scam or a legitimate platform.

What is the name of the App you choose to discuss today? Share a brief history about it.

About Roqqu

Roqqu is an online crypto exchange and payment platform launched by a young Nigerian entrepreneur, Uchenna Nnodim, in July 2019. The crypto exchange platform aims to help Nigerians make seamless global payments as well as brokerage services.

The platform also offers bill payment services through an integrated bill payment processor, so users can easily pay TV, electricity, airtime and other bills at their convenience.

The Roqqu exchange claimed to have processed over $20 million in transactions with over 250,000 active users.

The headquarters of the exchange is located in Lekki, Lagos State, Nigeria.

What category does the App belong to (design, crypto, education, food, gaming, etc) and where can one download it?

Roqqu app falls on the category of crypto. It's an app we're you can buy and sell crypto.

You find this app on Google playstoee

What feature(s) do you choose to discuss in the App? Show the detailed steps on how the App can be used based on the feature.

Roqqu Features

• Instant Buy/Sell Roqqu Cryptocurrencies:

The aim of the service provided by this platform is to facilitate a fast and hassle-free way of buying and selling the right cryptocurrencies.

The platform has been designed with a simple user interface that makes it easy for any user to navigate and trade regardless of their technical literacy.

Users can trade a large amount of cryptocurrency or less depending on their level of verification on the platform.

Through this service, Roqqu aims to help crypto hodlers reap profits from arbitrage trading.

• Wallet:

The exchange platform provides its users with a standard cryptocurrency wallet that allows them to receive, send and transact cryptocurrency globally, as well as make other online payments.

The exchange offers crypto wallets to store all cryptocurrencies supported by the platform.

• Payment of the invoice:

The exchange also instills a feature that allows users to pay for airtime and other bill payments such as:

Electricity bill, TV subscription bill, Data subscription

• Business

On the Roqqu exchange platform, the menu labeled "For Businesses" includes payment gateway services.

Generally, cryptocurrency payments cannot be made to banks as it is not legal tender in Nigeria.

Roqqu exchange facilitates the way of accepting such payments made in cryptocurrencies. The user can withdraw such cryptocurrency to their wallet or convert it to Naira and transfer it directly to their Nigerian bank account.

This service will help increase the number of businesses that accept cryptocurrencies across the country.

• Savings:

Users can use the Roqqu exchange as a medium for crypto savings by locking their USDT in the exchange and get some return on investment (ROI).

The percentage of profit that the user gets on the locked cryptocurrency depends on the length of time chosen. They can earn up to 15% per month on crypto locked for 12 months.

Supported currencies on Roqqu

Only the right cryptocurrencies and one stablecoin are traded on the Roqqu exchange and they are;

USDT
BTC
ETH
TRX
XRP
BNB
EOS
STEEM
HIVE

However, the only fiat currency supported is the Nigerian Naira and payments can only be made via bank transfers and debit cards.

Validation limits and requirements
There is a transaction limit for both deposits and withdrawals on the Roqq exchange, but these limits depend on user verification.

In this regard, verified users have less restrictions on deposits and withdrawals than non-verified users

Verification Requirements
Verification requirements includes the following :

name
By email
Mobile no
BVN
Birthdate
Taxpayer ID
Government identification number

How to buy cryptocurrencies on Roqqu
There are seven basic steps to buy cryptocurrency on the Roqqu exchange and they are as follows;

• Step 1
  Visit the Roqqu exchange and register, then you should proceed to deposit.

• Step 2
  When you have successfully registered, you will see "Buy/Sell" on the main panel, click on "buy now"

• Step 3
  Select your preferred cryptocurrency.

Select the payment currency and enter the amount of cryptocurrency you want to buy. Click "Continue Shopping".

Click "Accept" on the "Confirm Purchase" page.
This will redirect you to your credited Roqq wallet.

Have you compared this feature with other Apps in the same category before? Which one and what distinguishes both? (ease of accessibility, additional features, etc).

Comparison: Roqqu vs Prestmit

You may want to compare the features and services of Roqqu exchange with other exchanges like the famous Prestmit. Now let's see if Prestmit exudes any form of resemblance to Roqqu.

Prestmit is a broker exchange that shares the same goal with the goals and objectives of Roqqu, that is to promote the massive adoption of cryptocurrency in Nigeria and Africa as a whole.

Prestmit launched in 2019, the same year as Roqqu, but the two platforms don't seem to be growing at the same pace. Prestmit is considered as the best trading exchange in Nigeria and Africa.

Prestmit exchange offers all services like Roqqu exchange and more. Unlike Roqq, which only allows users to trade cryptocurrencies, Prestmit also allows users to buy or sell more than 300 gift cards on the platform.

Conclusion

From the few reviews we've read, it's safe to say that Roqqu is the best exchange platform to do crypto transactions right now.

Thanks for reading.

I invite @negro-bby, @mesola @tayyba1234 to take part in the contest.